Peter Hoskin

You may doubt that Downing Street is doing much politics beyond the phone hacking saga at the moment — but it is. The coming week will see the launch of the long-awaited, much-delayed public services White Paper, which is intended to set the framework for more or less every service we receive from the state. You may remember that Cameron heralded it with an article for the Telegraph back in February. Then, he suggested that private and charitable providers would be as privileged as state ones, writing both that, "we will create a new presumption that public services should be open to a range of providers competing to offer a better service," and that, "the state will have to justify why it should ever operate a monopoly.

Remember Operation Motorman? You may not, because little was made it at the time — and nothing like the current phone hacking furore. Yet many of the themes are identical. In 2003, a private investigator called Steve Whittamore was busted. His job was to simply to snoop out information for various newspaper groups, often using illegal methods. They'd pay him, he'd hand over the information. It really was that simple. Until, that is, the Information Commissioner got its hands on his records, which included details of some of the transactions made between him and his client journalists. By 2006, it had emerged how many journalists had been caught paying Whittamore for information, and which publications they worked for.

The business pages have more electricity to them than usual today, and all because of their overlap with the phone hacking scandal. In many ways, yesterday marked a turning point in the whole affair, in that it is now hitting Rupert Murdoch in the pocketbook. News Corporation shares — which had held up for a day or two — finally fell by 3.6 per cent, leaving its chairman and CEO some £120 million worse off. And, as we reported on the new Spectator Business Blog, shares in BSkyB took a similar course; due, no doubt, to prevailing concerns that Murdoch's takeover might be posponed indefinitely. Ofcom are just one of the many interested parties sniffing around the deal with renewed vigour and suspicion. Naturally, the polticians are sniffing around too.

Released in the last hour or so: Dear All, When I wrote to you last week updating you on a number of business issues I did not anticipate having to do so again so soon. However, I wanted to address the company as a matter of urgency in light of the new claims against the News of the World. We were all appalled and shocked when we heard about these allegations yesterday. I have to tell you that I am sickened that these events are alleged to have happened. Not just because I was editor of the News of the World at the time, but if the accusations are true, the devastating effect on Milly Dowler's family is unforgivable.

Another day, yesterday, to remind us of the precariousness of everything in Afghanistan. With David Cameron in the country, it was announced, first, that a British soldier had gone missing from his base; and, then, that the same soldier had been found dead with gunshot wounds. "His exact cause of death is still to be established," said a spokesman, "and the circumstances surrounding his disappearance and death are currently under investigation." His is the 375th British military death in the country since operations began. And, of course, the politics quiver on in the background.